Connected Street Lights Market

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Connected Street Lights Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast 2021 - 2026

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• Connected streetlights Market size was valued at $1.3 billion in 2020 and it is estimated to grow at a CAGR of 14.82% during 20212026. • The growth is mainly attributed to the high penetration of internet of things (IoT), constant innovation in mobile networks along with wireless technology, increasing demand for efficient advanced lighting solutions across industries and awareness regarding energy conservation. • Furthermore, exponentially growing investments in smart city projects and government initiatives for greener strategies to support sustainable development across the world are the major driving factors of connected streetlights market. Contact: (+1) 970-2363677 Email: sales@industryarc.com

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Key Takeaways Hardware held the highest market share in 2020 and is anticipated to witness significant amount of growth, owing to increasing awareness regarding environmental issues and growing adoption of LED streetlights. Public & Government sector is analysed to witness the fastest growth between 2021-2026. Rising requirement for cost effective, energy efficient lighting technology and smart city project initiatives are the key factors behind the growth.

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By Distribution Channel- Segment Analysis • Connected streetlights market is segmented into hardware, software and services, based on component. Hardware segment is further segmented into LED Lamps, Sodium Vapor Lamps, Drivers and Ballast, Sensors, Switches, Controllers and others. Among all the components, hardware dominated the market with a share of 25.16% in 2020, due to the increasing environmental concerns across the world and increasing adoption of light emitting diode (LED) lights for its several benefits. Many countries across the globe are investing heavily for the installation of more reliable LED street lighting system. Contact: (+1) 970-2363677 Email: sales@industryarc.com

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Connected Streetlights Market Industry Outlook • • • • • • • • • •

General Electric Koninklijke Philips N.V Telensa Holdings Ltd. Echelon Corporation Osram Licht AG Signify Holding B.V. Cisco Systems, Inc. Trilliant holdings Inc. AxiomTek Co., Ltd. Cree Inc

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Connected Street Lights Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast 2021 - 2026 Learn More About the Report

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